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Mar 16, 2013
03/13
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we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it is just the way it works. you have to be very careful. because you could say that to a certain extent, the odds aren't looking so great right now for republicans, that you are on a suicide mission. you are just not going to get those votes. i say to myself, why aren't we letting people in from europe? i have many friends, many many friends, from europe who want to come in. people i know. tremendous people. hard people. -- hard working people. they cannot come in. i know people whose sons went to harvard, top in their class. went to the wharton schoo
we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it...
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Jan 15, 2013
01/13
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i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor to them. quick thank you for your comments chairman bernanke. i am a masters student. the first question is this -- if treasury minted a trillion dollar platinum coin, with the fed have except did it -- accepted it? >> i am not going to give that any oxygen. as you probably know, the treasury and federal reserve -- the treasury issued a statement that we did not think this was the right way to deal with this problem. there are legal issues and policy issues. the right way to deal with this problem, as i said earlier, is for congress to
i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor...
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Jul 9, 2013
07/13
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we can help these countries develop new economies. we did it after world war ii. we helped a lot of countries -- south korea is an outstanding example. we have helped a lot of countries moved into taking an economic place in the modern world. if we beset by $100 a barrel oil, we will have a lot more resources to help other countries move in a useful direction. we have done before and i think we could do it again. >> down here in front. >> when needed to have provided jogging shoes for the folks with the microphones. keystone think the pipeline is good for national security? what do you think about the role of anonymous and other groups on the web? >> on the keystone pipeline, i do not think it is all that important one way or the other, but the canadians are nice folks. them improve their balance of payments. if you say, but we do not want that kind of oil exploited because it is dirty, it also costs a lot to get it out of the ground. here is an idea. let's have fuel choice and then people are not going to be able to produce oil successfully and profitably and so
we can help these countries develop new economies. we did it after world war ii. we helped a lot of countries -- south korea is an outstanding example. we have helped a lot of countries moved into taking an economic place in the modern world. if we beset by $100 a barrel oil, we will have a lot more resources to help other countries move in a useful direction. we have done before and i think we could do it again. >> down here in front. >> when needed to have provided jogging shoes...
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Mar 19, 2013
03/13
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that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive endorsement to giving this presidency to thesure -- trigger negotiations, which can hopefully take place. there is a 90-day process to go through from the u.s. administration point of view. the relationship has enormous potential. currently, 15 million jobs depend on the the trade. think of the potential for all the millions of people on either side of the atlantic in terms of the potential for job creation if this were to become a reality, which i expect it will. long-term evidence would show the flow of trade and investment helps spread new ideas, new innovati
that relationship defines the shape of the global economy. is the largest trade investment partner for almost all other countries in the global economy, that speaks of the power and potential. anhave been very happy from irish perspective to see the high level report produced between the eu and the u.s. in terms of potential. i spoke to the president after his reelection. he addressed the matter in his state of the union address and last week, the european council gave a very positive...
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Feb 11, 2013
02/13
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we are not an american economy. we are a network of state economies. we talk about manufacturing in the category, and that is a little over broad. manufacturing is a million little subcategories. the same way that you have thought you broke down and said this is what specific cities are doing well, what are some specifics of sectors right now that are the leading edge for the super sector? >> the top 100 letters in the united states said on 12% of our land mass. they are 2/3 of the population. and every indicator that matters, there are 85% or 90% and national share. it is really hard to talk about an american economy. you have to talk about the metropolitan the economy. for a long time i think we've focused on consumption. a wal-mart is a wal-mart is a wal-mart whether it is phoenix or denver or detroit. sam design, prices, and same wages. when start looking at advanced manufacturing he began to see the effect. the concentration of fat and manufacturing that goes back. they are locating near skilled they are locating near skilled labor
we are not an american economy. we are a network of state economies. we talk about manufacturing in the category, and that is a little over broad. manufacturing is a million little subcategories. the same way that you have thought you broke down and said this is what specific cities are doing well, what are some specifics of sectors right now that are the leading edge for the super sector? >> the top 100 letters in the united states said on 12% of our land mass. they are 2/3 of the...
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Nov 19, 2013
11/13
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and global economy. that would be the right thing to do. >> everybody is looking for some kind of longer term kind of sustainable budget arrangement. we'll hear from paul ryan later this afternoon. what in your view would be the right thing to go for? this talk about maybe trading off the sequester for some significant changes to entitlement reforms? what would be -- what's your position? what's the best outcome here? what can we expect in the next couple months? >> i guess if you ask me do you have the best option, it may not be the same as what the most likely outcome is. the president's budget lays out a very clear path with both tax reform and entitlement reform and replacing the sequester, and i actually think the president's budget is a blueprint that if we were to follow it would actually give the economy the kind of certainty and tail wind that it needs to grow. i don't want to get ahead of the budget conferees. since the resolution of the debt limit in october, they've been meeting, senator murr
and global economy. that would be the right thing to do. >> everybody is looking for some kind of longer term kind of sustainable budget arrangement. we'll hear from paul ryan later this afternoon. what in your view would be the right thing to go for? this talk about maybe trading off the sequester for some significant changes to entitlement reforms? what would be -- what's your position? what's the best outcome here? what can we expect in the next couple months? >> i guess if you...
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Feb 25, 2013
02/13
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we need a stronger economy and a broader tax base. the chamber has been advocating for immigration reform for years. this year might be the best chance to make it work. we believe immigration reform must have at least four opponent. it must secure the borders. we have made progress, but we have more to do. we must have employment-based visa row grounds that would allow businesses to use immigrant labor. 10,000 people in america retire everyday, seven days a week. we have got to be able to attract people at both ends of the scale. immigration reform must have a reliable, national employee verification system and not a system that is out to punish people. finally, it must provide a path out of the shadows. for the 11 million undocumented workers who are living in the united states. to succeed in a competitive and global economy, we have to remain an open and welcoming society. we have all kinds of committees at the commerce that decide on policies. my mother-in-law came to the united states at 11 years of age to join her mother who had
we need a stronger economy and a broader tax base. the chamber has been advocating for immigration reform for years. this year might be the best chance to make it work. we believe immigration reform must have at least four opponent. it must secure the borders. we have made progress, but we have more to do. we must have employment-based visa row grounds that would allow businesses to use immigrant labor. 10,000 people in america retire everyday, seven days a week. we have got to be able to...
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Feb 26, 2013
02/13
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and cause the economy to lose 750,000 jobs. this is what they need to do, to get out of that box that sits under the dome and understand this has real applications in people's lives. they should stop playing around with it and get the job done. they should compromise to get the job done. >> [indiscernible] >> estimates it is half a point to a point of gdp. you have seen it, i have seen it. 750,000 jobs, many of those in the defense industry, where it is already dropping. you saw what the impact was on the last quarter of last year. you hit that industry again this rapidly, 750,000 jobs is an understatement. >> governor walker, how will your state weather this if it goes through? >> the one thing that is, is something the president mentioned in his comments to the public or the media when he was with us, and that is the concern we have about the arbitrary nature of the cuts. that is probably why, when the president proposed and congress approved the sequester concept back in 2011, their hope was that ultimately these cuts would
and cause the economy to lose 750,000 jobs. this is what they need to do, to get out of that box that sits under the dome and understand this has real applications in people's lives. they should stop playing around with it and get the job done. they should compromise to get the job done. >> [indiscernible] >> estimates it is half a point to a point of gdp. you have seen it, i have seen it. 750,000 jobs, many of those in the defense industry, where it is already dropping. you saw...
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Mar 5, 2013
03/13
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and to a drop off that sense to go up when the economy is weak. -- that tend to go up when the economy is weak.but later in the decade, spending turns up again . part of this is the return of interest rates to more normal levels and our projection that would push up interest payments to nearly their highest share of gdp in did years. another of the decade a significant expansion of federal health-care programs and rising health-care costs per person will push up spending on the largest federal programs, social security, medicare, medicaid. by 2020.-- by 2023, it reaches 23% a g.d.p. what does this mean for federal debt that we expect that will reach 76% of gdp this year, at the highest since 1950. we protect it will be higher than the 39% average. it will be rising again as part of the economy. there are a few point worth making. the first consequence i want to list. there is the crowding out of capital investment. second me that lawmakers will have less flexibility to use spending policies to respond to unexpected challenges like a recession or war. debt was about 36% of gdp in 2007.
and to a drop off that sense to go up when the economy is weak. -- that tend to go up when the economy is weak.but later in the decade, spending turns up again . part of this is the return of interest rates to more normal levels and our projection that would push up interest payments to nearly their highest share of gdp in did years. another of the decade a significant expansion of federal health-care programs and rising health-care costs per person will push up spending on the largest federal...
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Feb 12, 2013
02/13
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economy. we are still having a debt at the end of the time of 70% of gdp. that is 100% of gdp as a gross debt. the guideline is what bowles- simpson would have done. it would have done significantly more. >> i am going to close on the point that that question reminds us, which is simpson- bowles can out two years ago, and it recommended we saved $4 trillion, and some progress has been made, but the passage of time has added on more years, bigger amounts of savings needed, and what used to be $4 trillion now would be equivalent as we have moved forward above $6 trillion. you look at these programs that so clearly need to be fixed and reformed. it is two years lost of not fixing our tax code so we are more competitive and raising revenues and a smarter way, two years lost of not facing and changes to medicare social security. so waiting has so many costs from weakening the programs which need to be fixed to not putting the stability into the economy which we believe will help a real recovery tak
economy. we are still having a debt at the end of the time of 70% of gdp. that is 100% of gdp as a gross debt. the guideline is what bowles- simpson would have done. it would have done significantly more. >> i am going to close on the point that that question reminds us, which is simpson- bowles can out two years ago, and it recommended we saved $4 trillion, and some progress has been made, but the passage of time has added on more years, bigger amounts of savings needed, and what used to...
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Jul 8, 2013
07/13
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and steady trickle down economy, we had a trickle out economy. -- instead of a trickle down economy, we had a trickle out economy. $32 trillion is offshore in 2010. revenues are lost. there is so much being lost they could five times deal with the lending goals. when i say inevitable tax, i also believe in a strong, global governance which must include transparency, closing loopholes, financial regulations around the world. a second point, tax revenues are a democratic decision for each country. i believe in progressive taxation because it is the bloodline of a social contract among a basic bargain in our societies. conservative argument is we need a race to the bottom because of global competition. they say we should emulate the emerging economies with a lower taxes, lower benefits, lower environmental standards. less education and less of a safety net for pensioners. they are proposing to undermine this basic bargain that holds our society together. is there another way? gordon brown said we need to overhaul our economies, structure, and create high-tech equipment and promote educa
and steady trickle down economy, we had a trickle out economy. -- instead of a trickle down economy, we had a trickle out economy. $32 trillion is offshore in 2010. revenues are lost. there is so much being lost they could five times deal with the lending goals. when i say inevitable tax, i also believe in a strong, global governance which must include transparency, closing loopholes, financial regulations around the world. a second point, tax revenues are a democratic decision for each...
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78
Jan 26, 2013
01/13
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even though everybody did say coming out of the exit polls economy, economy -- they were clearly thinking about other things, too. i do not know if they were prepared to take on some of these battles. when the women came out -- i remember sitting different women come out and push back against it. not enough. not with the force on their side. i do know if people were not prepared this time around. >> there are a few myths though. one method that should not get established after 2012 is that what men trip to the polls to vote on the issue of contraception and abortion. -- one minute trip to the polls to vote on contraception and abortion. it barely registered on issues women cared about. another thing to bear in mind is that all of the polling -- this has been true for decades. when you look at people who say abortion is important for them, they split about evenly for pro- life and pro-choice. the notion that this is an issue particularly harmful to republican candidates is not true. >> you looked at words and the messages and how they resonate with people. it strikes me that beyond the wom
even though everybody did say coming out of the exit polls economy, economy -- they were clearly thinking about other things, too. i do not know if they were prepared to take on some of these battles. when the women came out -- i remember sitting different women come out and push back against it. not enough. not with the force on their side. i do know if people were not prepared this time around. >> there are a few myths though. one method that should not get established after 2012 is...
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Apr 30, 2013
04/13
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., bloomberg host a forum on deficits and the economy. up in 45 minutes, a discussion on affordable care tax subsidies. we will talk about the gop agenda in congress including the budget and health care. at 9:15, the fact of sequestration cut on food safety. in washington today president obama, who will be joined by vice president biden, will announce new employment opportunities for veterans. live coverage today on c-span3 of around 1150 eastern time. released today found that prepaid funding is at the lowest level in a decade. state ofor called it a " emergency." what is the quality of education in your community?
., bloomberg host a forum on deficits and the economy. up in 45 minutes, a discussion on affordable care tax subsidies. we will talk about the gop agenda in congress including the budget and health care. at 9:15, the fact of sequestration cut on food safety. in washington today president obama, who will be joined by vice president biden, will announce new employment opportunities for veterans. live coverage today on c-span3 of around 1150 eastern time. released today found that prepaid funding...
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Jun 8, 2013
06/13
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economy by the bankers association. the discussion of the syrian civil war. >> michigan congressman john dingell became the longest serving member serving 29,000 days in casting more than 25,000 votes. he became -- he began in the house in 19 friday five to replace his late father. with an editor at large in washington. this is just under an hour. >> good morning. >> good morning. [laughter] we are about to have one of the most extraordinary moments. that anyone could possibly have listening to john dingell. everybody in this room knows about him. i will not give you a long introduction. i will say a couple of words. for anybody who loves and is passionate about politics, loves the game of politics and making policy on you cannot help but admire, respect, and indeed even love, not all the time i am sure. he has been center stage since 1955. his father was here starting in 1932. the word dingell is synonymous with getting things done in washington. it was a time when we got things done in washington. there's hardly a pie
economy by the bankers association. the discussion of the syrian civil war. >> michigan congressman john dingell became the longest serving member serving 29,000 days in casting more than 25,000 votes. he became -- he began in the house in 19 friday five to replace his late father. with an editor at large in washington. this is just under an hour. >> good morning. >> good morning. [laughter] we are about to have one of the most extraordinary moments. that anyone could possibly...
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83
Nov 18, 2013
11/13
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economy is very important to the global economy. so investment in building of the -- rebuilding the american middle class and manufacturing sector will make us a more robust economy so we can trade better with partners around the world. finally, just laws of efficiency would suggest with transportation costs increasing, the aavailable of inexpensive fuel and energy in the u.s., capital markets, free stable and the lowest interest rates that anyone can remember would suggest the time is now. and it is immediate. and so as we think about where we're going and how we're going, we are very pleased to participate from walmart's part, certainty is a very important -- it's important in how we deal with each other. it's important in how we deal with business. what we can provide is the certainty of a purchase order or contract so as companies look to establish and build manufacturing bases in the u.s., we are changing our policies and making more longer term commitments so they can have a certainty to invest capital here. if we can help wit
economy is very important to the global economy. so investment in building of the -- rebuilding the american middle class and manufacturing sector will make us a more robust economy so we can trade better with partners around the world. finally, just laws of efficiency would suggest with transportation costs increasing, the aavailable of inexpensive fuel and energy in the u.s., capital markets, free stable and the lowest interest rates that anyone can remember would suggest the time is now. and...
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Jan 8, 2013
01/13
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. >> i would like to tie it back to our economy and jobs. president obama said the focus would be to increase jobs. i come back to paul. you said that the success of our [indiscernible]channel some of the budget from the dod to the state department. i take this time to say that hillary clinton is coming back to work today. i wish her great recovery. if we have projected our intent is to china and the world. looking at the way china has been aggressive many ways in the south china sea. [indiscernible]how do we look into that without freedom of navigation? how do we look into that for our market share? where is the limit before we go to the international sanctions and global law? >> the problem is the us government does not know what its intentions are. we have not faced that question or decided. there is a lot of complacency with the status quo. that is indefinitely. things in taiwan have gotten better. on the islands dispute, the initial american reaction was a statement from the state department saying the united states does not take a posi
. >> i would like to tie it back to our economy and jobs. president obama said the focus would be to increase jobs. i come back to paul. you said that the success of our [indiscernible]channel some of the budget from the dod to the state department. i take this time to say that hillary clinton is coming back to work today. i wish her great recovery. if we have projected our intent is to china and the world. looking at the way china has been aggressive many ways in the south china sea....
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50
Apr 9, 2013
04/13
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eye 50
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runaway inflation would have the collapse of the economy. we are on the verge of going in a pathway that will be hard to recover from. >> this is huge. this is something for do not turn it around, there will be out of control spending and will threaten your future. views,ing over political political parties must work together. >> working all the time with democrats, republicans, and independence. sometimes i could not tell you who were -- who we are focusing with because we're focusing on solving problems. to make tough decisions. we need to live within our means, cut the pork, and start growing the economy again. with the combination of cuts, growing the economy, aluminate -- eliminating loopholes out there that are it appropriately giving to business industries out there you can balance the budget, live within your means, grow the economy and get back to living within your means and eliminating the debt. >> you have to come up with the right type of tax policy to enable small businesses to grow. you have to stop printing money to try to bu
runaway inflation would have the collapse of the economy. we are on the verge of going in a pathway that will be hard to recover from. >> this is huge. this is something for do not turn it around, there will be out of control spending and will threaten your future. views,ing over political political parties must work together. >> working all the time with democrats, republicans, and independence. sometimes i could not tell you who were -- who we are focusing with because we're...
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110
Aug 31, 2013
08/13
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the is successful economy. i just have not seen those. when like at what happens, it's like whack a mole, every time we get above ground in one area t. gets whacked down by something else so we're sitting here dealing with these situations. and distribution isn't going to provide the growth to redistribute and that's the problem. if you really want to see the economy at a more balanced and more even way you have to have the growth to do that so you have to provide the people at the bottom with opportunities and provide them with the basis to meet and benefit from those opportunities. if they don't have the skill levels and education, even if the opportunities there, they won't benefit from it. so it's a synergistic thing and we keep hearing in the administration and from speeches and like about redistributing and listen to the president's speech yesterday, very good speech, but, you know, all about inequality. inequality is not something to aspire to. we don't want to see more inequality. the question is how do
the is successful economy. i just have not seen those. when like at what happens, it's like whack a mole, every time we get above ground in one area t. gets whacked down by something else so we're sitting here dealing with these situations. and distribution isn't going to provide the growth to redistribute and that's the problem. if you really want to see the economy at a more balanced and more even way you have to have the growth to do that so you have to provide the people at the bottom with...
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Apr 23, 2013
04/13
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we can all benefit from a dynamic, free economy. the minute we start taking the conversation away from a washington, d.c., it becomes easier for people to understand what we want, which is for everyone to prosper and for us to stop talking about government allocating special perks to this group or to that group. >> in the back. >> heritage foundation. you mention social entrepreneuriship, this idea of including your social impact within the bottom line of your business. what do you see as the relationship between social entrepreneurship and social welfare, and what do you see as the relationship between government and social entrepreneurship? should it encourage it and languish and state hands off? >> that question is central, which is the best way that government can support that kind of behavior is for government to establish a neutral set of rules that govern everyone, a set of rules that is designed to create an environment of law and order rather than one of chaos, and then make sure those rules are implemented in an even-hande
we can all benefit from a dynamic, free economy. the minute we start taking the conversation away from a washington, d.c., it becomes easier for people to understand what we want, which is for everyone to prosper and for us to stop talking about government allocating special perks to this group or to that group. >> in the back. >> heritage foundation. you mention social entrepreneuriship, this idea of including your social impact within the bottom line of your business. what do you...
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Mar 16, 2013
03/13
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eye 164
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our military strength depends on an economy so strong that it can support that kind of military. our economy depends on a people that are so strong, so educated, so resolute, so hard working, so inknow vintive, so focused on the creating a great future for their children. that is the america we grew up in. that is the america that our children deserve. [applause] just think about america. what nation but ours would have enjoyed military power for 25 years and never used it to seek revenge against it's foes or to seize natural resources from the weak? what nation is the first to bind up the wounds of the injured from hurricanes and tsunamis and war? what nation is the largest contributor to the fight in africa against aids? what nation came to the rescue of others in the face of tyranny in korea, street nan, bosnia, afghanistan, kuwait, iraq. when you think of this -- whatever you think of these interventions, the impulse behind every one of them is little bit per ration not -- liberation, not con quest. in all of human history, there has never been a great pow their is so often u
our military strength depends on an economy so strong that it can support that kind of military. our economy depends on a people that are so strong, so educated, so resolute, so hard working, so inknow vintive, so focused on the creating a great future for their children. that is the america we grew up in. that is the america that our children deserve. [applause] just think about america. what nation but ours would have enjoyed military power for 25 years and never used it to seek revenge...
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71
Jul 6, 2013
07/13
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economy -- what are you planning for. you and your finance guys what you planning for for growth next year. asia? for being on the conservative side when it comes to economic or sales forecasting just causes you put your costs in a better position than it easier to add is to take out, generally. the way we're looking at the 2% ., the next three years, economy. europe is the 3% company. 2% economy?e years, >> the next three years. europe is 0. india is around 4 and china is in the 6 to 7 range. going just the way we're to plan the company. as i was saying earlier, i hope i'm wrong. the scenario ck where there's an 80% chance it will be that or better. fearful that we might be right, given the way that i can't recall many or casts over the last two three years where they've said, gee, for this time of year, we hell of a lot better than we expected. > 4% and 6% sound good for india and china. but those are very low numbersle. > compared to where they were, yeah, much longer. >> in the case of china, are you investigating chi
economy -- what are you planning for. you and your finance guys what you planning for for growth next year. asia? for being on the conservative side when it comes to economic or sales forecasting just causes you put your costs in a better position than it easier to add is to take out, generally. the way we're looking at the 2% ., the next three years, economy. europe is the 3% company. 2% economy?e years, >> the next three years. europe is 0. india is around 4 and china is in the 6 to 7...
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Apr 6, 2013
04/13
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eye 79
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the color frontier economies. -- we call it frontier economies. golia, has asked o etc. they are actually quite strong. they have got hard-working people and are increasingly well-educated. typically pretty strong leadership. there are more. i think it will be good. i will wrap this up so we had time to reset for the next panel. round ofe him hia applause. [applause] we will hear more from michael o'neill in the next panel. this is just a warm-up act. give us a few minutes and we will start the competitiveness panel. we have got a full day. we would gehave you plenty occupied. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] > thelso, it in discussion on competitiveness market. this is an hour. ladies and gentlemen, please welcome our first panel to remain competitive in global markets. we have ursula burns, michael and general james jones. good morning. .y name is steve i'm a colonist at the washington post. i'm also a professor at george mason university. that is where i spend most of my time these days. i
the color frontier economies. -- we call it frontier economies. golia, has asked o etc. they are actually quite strong. they have got hard-working people and are increasingly well-educated. typically pretty strong leadership. there are more. i think it will be good. i will wrap this up so we had time to reset for the next panel. round ofe him hia applause. [applause] we will hear more from michael o'neill in the next panel. this is just a warm-up act. give us a few minutes and we will start the...
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Jun 15, 2013
06/13
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of the hollowing out of the economy of many places in our country -- think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. hundreds would save of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than trying to create rules around it that would make it impossible for to be fully exploited to the benefit of job creation in our country. we should open up federal lands and waters. it should to magically increase for our country's economic security. -- it should dramatically increase for our country's economic security. asneed to the energy secure fast as possible. we should great short-term incentives for natural gas and transportation for freight and trucking. 3 million barrels per day of oil and diesel is used. if the cut that in half, 1.5 mill
of the hollowing out of the economy of many places in our country -- think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. hundreds would save of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for...
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Nov 18, 2013
11/13
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>> senator carper, i think there is broad based agreement about the potential of a digital economy and virtual currencies, i think there is absolute agreement that there is enormous potential for social good, and that this is an emerging technology that needs to be protected. i also think there is clear agreement that we can't just ignore the misuse, and misuse jeopardizes the virtual ability of the currencies in the longer run. i don't think there is disagreement at all on those points. as it relates to areas -- i just don't think there is use for the laws at the exchange level. know your customer, those kinds of provisions. the greatest challenge, the greatest area we have to grapple with is how do we enforce the enforcement techniques. and the fact that this is a global phenomenon. this is something that was just issued in march of this year. the guidance that directors just talk about, the financial action task force, their guidance on this issue was just issued this summer, i think in july. my sense is that most of the world is not applying money laundering principles. getting fro
>> senator carper, i think there is broad based agreement about the potential of a digital economy and virtual currencies, i think there is absolute agreement that there is enormous potential for social good, and that this is an emerging technology that needs to be protected. i also think there is clear agreement that we can't just ignore the misuse, and misuse jeopardizes the virtual ability of the currencies in the longer run. i don't think there is disagreement at all on those points....
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Jul 16, 2013
07/13
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, the economy stronger and everybody better off. we grew at 4% reagan levels, 2% obama levels, $5 trillion in additional revenue. that is a huge shift in revenue. a more open immigration bill would increase growth about 1%. that is a lot of economic growth and opportunity, even if run by the government, and is a step in the right direction. i think there are voices that are shrilled arguing for not having a vote are doing so because they understand the republican caucus is moving toward yes. borderll do their own thing, their own h1b thing, the house will not take directions from the senate or do a law that trust obama because he changes the rules and that scares them. i think boehner is making the move forward correctly. >> mayor emanuel? >> it is hard to take that question up on the gratuitous hits on obama. my dna is kicking in. i cannot wait to get a flight out of here and back home. the fact is that i think i am optimistic for a different set of reasons why republicans will get there and get this issue dispensed with. i do not
, the economy stronger and everybody better off. we grew at 4% reagan levels, 2% obama levels, $5 trillion in additional revenue. that is a huge shift in revenue. a more open immigration bill would increase growth about 1%. that is a lot of economic growth and opportunity, even if run by the government, and is a step in the right direction. i think there are voices that are shrilled arguing for not having a vote are doing so because they understand the republican caucus is moving toward yes....
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Apr 27, 2013
04/13
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this is damaging to the economy. this has been mismanaged and i believe this bill will force the administration to stop these needless furloughs so we can continue making sure that the airline industry is functioning to keep our economy growing and stop the safety concerns to the traveling public. with that i yield back. >> the gentleman yields back. >> i yield one minute to the gentleman from washington. >> the gentleman from washington is recognized for one minute. >> thank you mr. speaker. before we pat each other on the back for this bill, i think it's important we recognize it's not fixing the bigger problem sequester created. head start students will have to find their own way to school as bus service is being cut because of sequester. now we can ask these four-year- olds to ride tricycles to class or book a flight. budgets are being cut mandated by sequestration. we're not doing anything to help the kid today. we're not helping seniors who are getting males on wheels no longer delivered to them. it not just my
this is damaging to the economy. this has been mismanaged and i believe this bill will force the administration to stop these needless furloughs so we can continue making sure that the airline industry is functioning to keep our economy growing and stop the safety concerns to the traveling public. with that i yield back. >> the gentleman yields back. >> i yield one minute to the gentleman from washington. >> the gentleman from washington is recognized for one minute. >>...
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Jan 1, 2013
01/13
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the economy took off. unemployment came down. the economy started going. and we were paying down the deficit. we had three straight years or four of surpluses. c.b.o. said if we continued on that way, we would pay off the national debt by 2010. well, then george bush came into office, they looked at all the surpluses out there and said guess what? we've got to take some of that and give it back in tax cuts, and that's what they did. now that's what's ending tonight. that's what ends tonight, are those bush tax cuts. so we go back to the tax system that we had under bill clinton. i ask, what's so bad about that? it worked pretty darned well. the economy was going well. we were paying down the deficit. things were going well under bill clinton, under that tax system, and that's what we'll go back to tomorrow. what's so bad about that? well, what's happened is in the last ten years a lot of people have gotten very rich in this country. very rich. and now they want to protect their wealth. and that's what they want to do. they want to lock in this system on es
the economy took off. unemployment came down. the economy started going. and we were paying down the deficit. we had three straight years or four of surpluses. c.b.o. said if we continued on that way, we would pay off the national debt by 2010. well, then george bush came into office, they looked at all the surpluses out there and said guess what? we've got to take some of that and give it back in tax cuts, and that's what they did. now that's what's ending tonight. that's what ends tonight,...
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Jun 1, 2013
06/13
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one of the most important sectors of our economy. it would lead to better ordination and more effective care than we have today, including greater responses in the latest findings. robots and lasers are improving surgical outcomes and artificial intelligence systems are being used to improve diagnoses and chart courses of treatment. perhaps even more revolutionary is a transport that would tailor medical treatment for each patient based on information drawn from that individuals genetic code. taken together, such advances would lead to another jump in life expectancy and improve health. other promising areas and application of new technologies includes the development of cleaner energy and harnessing wind and solar power and the development of electric hybrid vehicles and the potential of future advances. i cannot imagine all of the possibilities. we underestimate the longer term potential. finally, one more important argument. pessimists might be paying too much attention to the strength of the underlying courses that generate innov
one of the most important sectors of our economy. it would lead to better ordination and more effective care than we have today, including greater responses in the latest findings. robots and lasers are improving surgical outcomes and artificial intelligence systems are being used to improve diagnoses and chart courses of treatment. perhaps even more revolutionary is a transport that would tailor medical treatment for each patient based on information drawn from that individuals genetic code....
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Jul 29, 2013
07/13
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he wants to do more things for the economy. he has to inspire people like you to vote. ith the approval rating as is that is not likely to happen. host: we will go to robert in florida. caller: i am wondering what your guests take on it is with several large unions. i am not sure that the other union that have recently sent a letter to the congress, saying that they do not want to implement obamacare within their ranks, i think that is very telling, why the administration is out there trying to boost obamacare favorability with celebrities and sports teams. thank you. guest: they were concerned about the affordable care act from the start because of some of the trade-offs that were made, especially toward so- called cadillac healthcare plans. millions have made and or ms. -- enormous sacrifices for decades. they have developed for themselves strong healthcare plans, and for them, the affordable care act is a significant step down. i don't think you are seeing anything here. you're just seeing, as you point out, a very important moment, a group that had doubts about this
he wants to do more things for the economy. he has to inspire people like you to vote. ith the approval rating as is that is not likely to happen. host: we will go to robert in florida. caller: i am wondering what your guests take on it is with several large unions. i am not sure that the other union that have recently sent a letter to the congress, saying that they do not want to implement obamacare within their ranks, i think that is very telling, why the administration is out there trying to...
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Feb 2, 2013
02/13
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how is the economy doing? what is the snerkt the economy that is adding jobs? it is the health care sector of the economy. i think it is -- that's partly because it is a dynamic sector coming up with incredible innovations, the amount of exciting discoveries that are looming on the horizon are bigger in health care than other parts of the economy. that's the positive. the hard side is it is a complicated side. the reason why we don't leave health care to the private sector because it is complicated. we don't look at someone on the street and say sorry you don't have insurance so too bad for you. we as society is going to take care of that person. that is what puts the government in this position. it was an incredibly important step. it is a lot like dodd-frank that the basic framework was sound. the devil is going to be in the details. we're in this 2013 on how we ramp this up and all the regulations that go in, the insurance exchanges so people can have a place to buy insurance at the start of 2014. that is going to be a huge thing to imme innocent over the ne
how is the economy doing? what is the snerkt the economy that is adding jobs? it is the health care sector of the economy. i think it is -- that's partly because it is a dynamic sector coming up with incredible innovations, the amount of exciting discoveries that are looming on the horizon are bigger in health care than other parts of the economy. that's the positive. the hard side is it is a complicated side. the reason why we don't leave health care to the private sector because it is...
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Aug 31, 2013
08/13
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will for example at some point face a major cyber event that will have a serious effect on our lives, economy, and the everyday functioning of our society. we have the old systems reductions in a framework to identify at tax and intrusions, share information with the private sector and across the government, and develop plans and capabilities to mitigate the damage, more must be done and must be done quickly. you will also have to prepare for the increasingly likelihood of more weather-related events of a more severe nature as a result of climate change. and continue to build the capacity to respond to potential disasters in far-flung regions of the country that could occur at the same time. and you must continue to integrate the department. what i have referred to as dhs 3.0 and leave it into its next data development am a to challenging fiscal times, including the ongoing impact of the sequester. you will need a large bottle of advil. [laughter] now, some have said be the secretary of dhs is the most thankless job in washington. that is not true. no doubt, it is a very big and complex job.
will for example at some point face a major cyber event that will have a serious effect on our lives, economy, and the everyday functioning of our society. we have the old systems reductions in a framework to identify at tax and intrusions, share information with the private sector and across the government, and develop plans and capabilities to mitigate the damage, more must be done and must be done quickly. you will also have to prepare for the increasingly likelihood of more weather-related...
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Jun 22, 2013
06/13
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Mar 5, 2013
03/13
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economy's return to maximum employment in a context of price stability. as you know, the federal open market committee has recently taken new steps to achieve this objective. in september, the committee approved a new program of agency-guaranteed mortgage-backed securities purchases, pledging to continue the program--contingent on favorable ongoing evaluations of its efficacy and costs--until there has been a substantial improvement in the outlook for the labor market. most recently, in december the committee announced that it would purchase longer-term treasury securities after completion of the maturity extension program. at the same time, it revamped its forward guidance for the federal funds rate, explicitly linking the path of that rate to quantitative measures of economic performance. my goal today is to explain these policies and why i consider them appropriate under current conditions. with respect to the asset purchase program, i will discuss several economic indicators that i plan to consider in evaluating the outlook for the labor market and th
economy's return to maximum employment in a context of price stability. as you know, the federal open market committee has recently taken new steps to achieve this objective. in september, the committee approved a new program of agency-guaranteed mortgage-backed securities purchases, pledging to continue the program--contingent on favorable ongoing evaluations of its efficacy and costs--until there has been a substantial improvement in the outlook for the labor market. most recently, in...
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May 6, 2013
05/13
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their economy was a mess, their defense infrastructure. alwaysough i have considered chamberlain one of the more odious characters in history, i can understand what was going on. he really wanted to make sure there would be peace. why should we care about people in faraway places? there is no question that we are tired from iraq and afghanistan. our budget is a mess and there are questions about the strength of our defense and the structure. and yet, we do know everything that is going on inside every people in faraway places with unpronounceable names. what are the right things to do? that is the discussion. there is an awareness in this country that something has to be done. it is my sense that as president obama has been saying, there is an evolution of thinking about what to do. a variety of different ways that we can help. i do not think the president assad cares what the public thinks. he lives in his own world of denial, supported by the russians. we need to do what is right for stability, and what we believe is the right thing to d
their economy was a mess, their defense infrastructure. alwaysough i have considered chamberlain one of the more odious characters in history, i can understand what was going on. he really wanted to make sure there would be peace. why should we care about people in faraway places? there is no question that we are tired from iraq and afghanistan. our budget is a mess and there are questions about the strength of our defense and the structure. and yet, we do know everything that is going on...
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Feb 8, 2013
02/13
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economy. when i look at sequestration, i do not look at the cuts per se as impacting the economy. they are not going to help growth in the short term. they have offsetting factors that mitigates the negative. the problem with sequestration is the way the cuts will take place. what we tell our congressmen and since these when we send them to washington -- that is why we send them -- congressmen and senators when we send them here, we send them here to spend money. we provide -- we expect the federal government to provide public goods, roads, education, national defense. we send them here to spend. we know that in order to pay for those goods, we will have to tax. that is what they are here to do, to spend and to tax. we hope they prioritize. we hope they look out there and say, what do i need to do first? how much do i need to do? and only do that. sequestration flies in the face of the reason for sending them here. it obviates the need and legislates against prioritization. we tell them, go ou
economy. when i look at sequestration, i do not look at the cuts per se as impacting the economy. they are not going to help growth in the short term. they have offsetting factors that mitigates the negative. the problem with sequestration is the way the cuts will take place. what we tell our congressmen and since these when we send them to washington -- that is why we send them -- congressmen and senators when we send them here, we send them here to spend money. we provide -- we expect the...
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May 31, 2013
05/13
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the good news is that our economy is doing better. the worst economic downturn in more than seven decades, the economy is turning the corner and the labor market is improving. we've seen 38 consecutive months growthate sector job that's added 6.8 million new jobs to our economy with nearly 2.2 million more americans employed today than one year ago. april unemployment rate was level sincewest december 2008. we need to accelerate job creation and economic growth but more people are finding work that enables them to support their families and pay into the system that sustains our retirement safety net. completeo do more to this recovery and president obama has proposed an economic plan that will grow the economy the middle class out and middlepathways into the class for millions of american workers. we need to make america a magnet jobs with investments in our physical infrastructure, our skills infrastructure and manufacturing innovation. workers must be able to succeed in their jobs with the right training, skills and beginning with h
the good news is that our economy is doing better. the worst economic downturn in more than seven decades, the economy is turning the corner and the labor market is improving. we've seen 38 consecutive months growthate sector job that's added 6.8 million new jobs to our economy with nearly 2.2 million more americans employed today than one year ago. april unemployment rate was level sincewest december 2008. we need to accelerate job creation and economic growth but more people are finding work...
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Sep 21, 2013
09/13
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and we're from a full-time job economy into a part-time job economy. we are doing our job and now it is up to senate to show some responsibility and follow the house's lead. senate republicans have promised to leave no stone bill and ighting this all of us here support that effort. calling on senate democrats to do the same thing. to know where senate from protecting the middle class. non-profits summer a group in arkansas announced their cutting hours for hundreds staff members to 28 hours a week. about kay in north carolina. does she understand the onsequences that obamacare is having in her state? at the goesry store, the not feasibles it's or sustainable to extend 1100 ge for all the employees that he has. for y have to cut hours much of his workforce. what about mary of louisiana? obamacare is also hurting her in that ing tax payers tate n july, owner of dots diner, told the senator said he off 16 workers and these are middle class americans meet. to make ends and finally, what about mark of alaska? through obamacareme across the country could be
and we're from a full-time job economy into a part-time job economy. we are doing our job and now it is up to senate to show some responsibility and follow the house's lead. senate republicans have promised to leave no stone bill and ighting this all of us here support that effort. calling on senate democrats to do the same thing. to know where senate from protecting the middle class. non-profits summer a group in arkansas announced their cutting hours for hundreds staff members to 28 hours a...
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Jun 18, 2013
06/13
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we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary policy is doing everything they can do from a fiscal policy standpoint, a lot more work needs to be done. i consider fiscal policy right now. i want you to consider something that i live with everyday. when i consider the families we serve in the southeast, 48% of these families take less than $40,000 a day. these days -- these families make tough kitchen table decisions every day. the question i put to you and to myself and anybody ideal with, why can't we? i think we owe it to america to address these tough issues and and a way
we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary...
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Jun 18, 2013
06/13
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economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never happen at all. it's a testament to the leadership of everyone here we've reached this point. we must maintain that political will in the months ahead. -- once in a generation opportunity and we must seize it. >> today we announced we will start negotiations of a transatlantic trade and partnership agreement. frankly, two years ago few bet that today we'd be in a position to launch negotiations of an ambitious united states free trade agreement. and when the teams of the commission will meet for the first round of negotiations next month, it will be the st
economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never...
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Feb 22, 2013
02/13
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that is why i am turning around the japanese economy. i said a moment ago that the agents are making great progress with the exceptions of a single country. i should have added the exception, of course. north korea. the nuclear test, inducing an added distinction. the nuclear ambitions should not be tolerated unless they give up on developing a nuclear arsenal. they objected. my government will give them no reward. this is no regional matter. we should work with the u.s., south korea, and others to stop them from seeking those ambitions. if you look at the lapel of my jacket, u.s., south i put on a blue ribbon to remind myself each and every day that i must bring back the japanese people that north korea has objected. among banharn was a girl -- among them was a girl who was only 13. that is the reason why behind human rights, japan must stay strong. for the economy and also for national defense. i put onlet me tell you that jt be here as well. to increase for the first time in many years, the budget for homeland defense. today, here, wi
that is why i am turning around the japanese economy. i said a moment ago that the agents are making great progress with the exceptions of a single country. i should have added the exception, of course. north korea. the nuclear test, inducing an added distinction. the nuclear ambitions should not be tolerated unless they give up on developing a nuclear arsenal. they objected. my government will give them no reward. this is no regional matter. we should work with the u.s., south korea, and...
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Feb 26, 2013
02/13
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we are invested in each other's economies. the united states is the single largest investor in the united kingdom. i look forward to working with the secretary over the coming months and years, and now invite him to make his remarks. >> thank you very much, mr. foreign secretary. we want to thank the foreign secretary for the tremendous hospitality that he has shown me here today and my team. i also appreciated the act earlier to be able to meet with prime minister cameron over breakfast. it is always a great pleasure for me to be able to visit london, and it is no accident that this is the first stop on my trip as the secretary of state. many years ago as a young child, i managed to get lost in london. i want to thank somebody for finding me. this day, i must say, was made much easier. it was impossible for me to get lost. i am particularly pleased to be able to be here with the remarkable partner that is the united kingdom. when you think of everything that bind the united states and great britain, our common values, our sha
we are invested in each other's economies. the united states is the single largest investor in the united kingdom. i look forward to working with the secretary over the coming months and years, and now invite him to make his remarks. >> thank you very much, mr. foreign secretary. we want to thank the foreign secretary for the tremendous hospitality that he has shown me here today and my team. i also appreciated the act earlier to be able to meet with prime minister cameron over breakfast....
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178
Mar 16, 2013
03/13
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we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the party of growth. it is not based in washington, d.c. [applause] we have fallen into a trap of believing the world revolves around washington, that the economy is based there. if our goal is to simply better manage the disaster that is the federal government, you can count me out. i am not sign -- signing up for that. honestly, who of you here wants to sign up to help manage the slow decline of the united states of america? i sure don't. not -- that is what we have democrats for. [applause] party promises to be the party of more, but they are actually the party of less. they are the
we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the...
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May 24, 2013
05/13
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economy. ms. pritzker, we will be depending on you to continue this collaboration and strengthen it where necessary. one crucial area of public- private collaboration is the development of the wireless economy. this committee is closely following the department's efforts in this area. expanding the spectrum available for wireless services and relieving the so-called "spectrum crunch" will be vital to jobs and growth in the nation in the years to come. at the same time, smart spectrum policy includes protecting vital not all operations. federal operations want to give up any of their spectrum. you will be running into the department of defense on that, and good luck. i expect that the department will continue to work in close cooperation with federal agencies and the private sector to open up more spectrum to meet our nation's spectrum needs. finally, the commerce department manages our nation's severe storm warning systems and this has beenlites. a troubled area for us, especially with satellites.
economy. ms. pritzker, we will be depending on you to continue this collaboration and strengthen it where necessary. one crucial area of public- private collaboration is the development of the wireless economy. this committee is closely following the department's efforts in this area. expanding the spectrum available for wireless services and relieving the so-called "spectrum crunch" will be vital to jobs and growth in the nation in the years to come. at the same time, smart spectrum...
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Jun 8, 2013
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economy by 2014. so thank you for coming. and thank you for your attention and i'll open it up for any questions there might be. >> take that mic away from your face. >> this one? >> yeah. thank you. question. yeah. >> what do you make of the recent rise we've seen in mortgage rates? do you think it's just tied to the taper affairs or more a reflection of what -- how the market's doing? and do you think the fed will have to respond and do more to push it back down to where it was or let the market ride it out on its own? >> i think the market rising mortgage rates are reflecting the market response to the new taper discussion and the dialing down of asset purchases. we've seen -- it's really following the trend and the treasury market as we saw, 10- year treasury yields rising. i think there's also some concern of where the fed dials down on their asset purchases. right now, the fed is buying mortgage-backed securities and treasuries as part of their asset purchases. and there are some discussion in the last fed minutes that
economy by 2014. so thank you for coming. and thank you for your attention and i'll open it up for any questions there might be. >> take that mic away from your face. >> this one? >> yeah. thank you. question. yeah. >> what do you make of the recent rise we've seen in mortgage rates? do you think it's just tied to the taper affairs or more a reflection of what -- how the market's doing? and do you think the fed will have to respond and do more to push it back down to...
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Jul 5, 2013
07/13
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economy. tonight, computer hacking and information activism. online hear about surveillance, and why the government could be using a law from 1984 to prosecute whistleblowers. here is a portion. >> what we are seeing in trends is there is increasing government surveillance of us people, and increasing corporate surveillance of us, and at the same time people who are exposing this are being more heavily prosecuted. underscoredannot be enough. i wanted to talk about that. and how people are being prosecuted is that the government is using this law , unbelievably written in 1984, which is ironic for all the reasons you would imagine, and if you think about it, it was written at a time before there were computers. the law is incredibly broad. it is frightening, really. that touches a computer could be prosecuted under this law. whenever you come to a new website, a facebook page, and you click a terms of service agreement which you did not read and you do not obey those exact terms, that you have
economy. tonight, computer hacking and information activism. online hear about surveillance, and why the government could be using a law from 1984 to prosecute whistleblowers. here is a portion. >> what we are seeing in trends is there is increasing government surveillance of us people, and increasing corporate surveillance of us, and at the same time people who are exposing this are being more heavily prosecuted. underscoredannot be enough. i wanted to talk about that. and how people are...
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Apr 20, 2013
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economy. we have lost 16% of international tourism. for every point we have lost, its 167,000 jobs in america. can you talk about the economic benefits of increasing the number of tourists? and why this is important -- also, this is not the first think people think of when they think about immigration because it's just tourist visas? >> post-9/11, the need to have an enhanced security regime had big impact on travel and tourism and we lost a lot of the economic benefits. you can go to the destination cities and see the impact. the question going for it is can we marry solid economics in that area with a secure entry/exit visa system? that is something i hope could happen. >> point is other countries including some of the ones you mentioned, have good security measures as we dew point for -- as we do for these kinds of tourist visas, but how can we do it more efficiently without changing any of the security screens? >> yes. >> thank you very much. >> thank you, mr. chairman. and thanks to both of our witnesses for joining us today. virt
economy. we have lost 16% of international tourism. for every point we have lost, its 167,000 jobs in america. can you talk about the economic benefits of increasing the number of tourists? and why this is important -- also, this is not the first think people think of when they think about immigration because it's just tourist visas? >> post-9/11, the need to have an enhanced security regime had big impact on travel and tourism and we lost a lot of the economic benefits. you can go to the...
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May 3, 2013
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it has a big effect on our economy. one of the things you have to understand is 1945, we dropped the atomic weapons on japan. we rebuilt their steel mills. host: thank you for your call. two pieces in "usa today." loans, the rates are down to 2.5%. is this setting us up for another fall? guest: it was easy money. basically money coming from china that were operating on. money that people were borrowing. american homeowners owned 7% of the value of their homes in 1970. that dropped to 20%. since the stock of housing is worth roughly $20 trillion, that is $6 trillion, going to big investors on wall street's. that's the biggest transfer of wealth. we ran the mississippi river upstream. $6 trillion. that is enormous. the economy was in trouble. we were not generating growth. you could get 100% on your homes. consumer demand is what drives the american economy. people were not being paid well. the savings accumulated gave the drive to the american economy. it was a handful of smoke, a handful of financial smoke, largely crea
it has a big effect on our economy. one of the things you have to understand is 1945, we dropped the atomic weapons on japan. we rebuilt their steel mills. host: thank you for your call. two pieces in "usa today." loans, the rates are down to 2.5%. is this setting us up for another fall? guest: it was easy money. basically money coming from china that were operating on. money that people were borrowing. american homeowners owned 7% of the value of their homes in 1970. that dropped to...
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Apr 2, 2013
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they just had to wait for the economy to heal. >> they didn't have the tools. they really didn't know what was causing it and they certainly didn't have a structure in place, for example, we have the fed today that will loan money to banks that are having runs so they don't close and don't go under -- but we didn't really solve this problem until we got to the new deal. >> and with this great trial going on in the rest of the country, how interested was the van buren administration in having a social side? >> he was a very social person. that was one of his great skill sets. charming little dinner parties. he was very personable. he, like jackson, always liked women and loved women friends so there was still -- there was still a social side to the white house because a lot of his politicking was done socially. >> he would go elsewhere but in terms of large-scale entertaining, the new year's day party, which was traditional, was pretty much his big party until his eldest son married angelica singleton. >> here is where we bring in dolley madison and what role do
they just had to wait for the economy to heal. >> they didn't have the tools. they really didn't know what was causing it and they certainly didn't have a structure in place, for example, we have the fed today that will loan money to banks that are having runs so they don't close and don't go under -- but we didn't really solve this problem until we got to the new deal. >> and with this great trial going on in the rest of the country, how interested was the van buren administration...